Telecom Corp, the country’s biggest telecommunications company, has dumped the architect of its mobile network Alcatel-Lucent in favour of Chinese heavyweight Huawei to build its 4G infrastructure. The Auckland-based company picked Huawei due to its experience building 73 long-term evolution (LTE) mobile technology networks across 42 countries and because the Chinese telecommunications manufacturer is “truly pushing the boundaries of LTE …

Michael Hill International, the jewellery chain that bears its founder’s name, said sales in the first nine months of the year rose 8.8 percent on revenue gains in its biggest markets of Australia and New Zealand. Sales climbed to $425 million in the nine months ended March 31, from $390.8 million a year earlier, the Brisbane-based retailer said in a …

Wall Street advanced as investors eyed the results of Alcoa due after the close of the market today to gauge whether the recent weakness in US economic numbers is going to be reflected in corporate profits. Expectations are modest to say the least. S&P 500 companies’ earnings probably rose 1.6 percent from a year ago, according to Thomson Reuters data, …